Israel, Iran Hostilities Escalate With No Sign of Easing

Good morning. Israel and Iran intensify their attacks on each other. Donald Trump orders ICE to expand deportations. And concert ticket prices are falling for the first time in years. Listen to the day’s top stories.

Israel and Iran continued to attack each other, as the conflict entered a fourth day without showing any sign of easing. Iran fired more waves of missiles, while Israel hit Tehran, killing another key military official, and attacked a giant gas field. The UN’s nuclear watchdog said Israeli strikes caused serious damage to Iran’s uranium conversion facility in Isfahan. And the US consulate in central Tel Aviv sustained minor damage after an Iranian missile landed nearby.

The tit-for-tat weighed on financial markets, but investors tempered their risk-off positioning. Oil pared its recent gains, although the market is still bracing for an escalation that may disrupt supply from the Middle East — it’s a region that produces about a third of the world’s crude. S&P 500 stock futures rose.